October 6, 2021

How Qoins Works

You're probably wondering how we pay off debt and save money faster, right? Well here's a breakdown of how Qoins works & what automation tools you have available to you to crush your debt-free and savings goals.

5 min read

Qoins Staff


You may be asking yourself what is Qoins and how to they help me pay off my debt faster than if I were to try on my own. Well, Qoins is a fintech app that’s been built on paying off debt and saving money faster through 4 automation tools we’ve isolated as the fastest ways to reach your financial goals… without ever thinking about it! The best thing about automation is that it takes psychology out of budgeted, saving, and paying off debt. Meaning once you set your goal, you can go on living life while your established habits are continuously running. Here are the 4 tools we’ve developed for you!


If your transaction is $3.71 then your roundup will be $0.29. That's 29 extra cents going towards your debt, which doesn't seem like a lot but it definitely adds up. Our customers save on average $58+ per month with this feature alone.

When I Get Paid

When you get paid choose to set aside a percentage or a dollar amount of your paycheck. For example, each time you get paid set aside 10% of your paycheck to automatically go towards debt. If you choose a dollar amount, you can choose to automatically contribute for example $50 towards your debt or savings goal ONLY when you get paid.

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Smart Savings

Our algorithm will determine how much to contribute each day based on your selected preference level and you can adjust how aggressively to pay off your debt at any time. Least aggressive: $0.50 - $1.50 per day, Moderately aggressive: $1.50 - $3.00, Very aggressive: $3.00 - $5.00.

Weekly Recurring Withdrawals

Choose a set amount to contribute to your goal each week. Once you've set the $ amount and day for your Weekly Recurring Withdrawals, the Qoins app will automate the rest!

Need to Consolidate?

We've also got great options if you find yourself in a situation where you need to consolidate debt.

See what you can do with Qoins
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Qoins Card is issued by Evolve Bank & Trust, Member FDIC. Pursuant to a license from Visa U.S.A. Inc. Card is a prepaid debit card. Card can be used everywhere Visa debit cards are accepted. 

*Qoins deposits are insured up to $250,000 by Evolve Bank & Trust, Member FDIC.

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